Rent Your Vacation Home or Condo in Champaign, Illinois

Short-term rental trends are always changing, but there are a few things that have stayed consistent over the years. First and foremost, short-term rentals have become an increasingly popular option for vacationers looking to save money while enjoying a warm climate. This is especially true in Champaign, where short-term rental prices are some of the lowest in the nation. Additionally, short-term rental guests tend to be younger and more adventurous than typical vacationers. Thus, your Champaign home as a short-term rental can appeal to a wider range of travelers than other kinds of accommodations. Finally, short-terms rentals also provide advantages for homeowners who want to monetize their property through renting out their homes for extended periods of time. With these advantages in mind, it’s clear why short-term rentals continue to gain popularity in Champaign.

When partnering with RedAwning for your property management needs, we can make sure your Champaign rental is set up correctly and ready to generate the most amount of revenue possible per stay.

Current Vacation Rental Trends in Champaign

During the month of October, Champaign is projected to generate over $176/night for a 2 bedroom vacation rental, on average! There were 172 vacation active rental properties in Champaign.  132 are renting the entire place, and 40 are shared rooms.  On average, during the month of October 2022, each vacation rental property in Champaign is booked 80% of the time, and most hosts are projected to generate $2,568 or more during the month of October! See how much you could earn with our free vacation rental income calculator.
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$176.00 Per Night*

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80% Occupied*

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$2,568.00 Per Month*

* Based on the median average of all vacation rentals in the Champaign area.
Get a free estimate for your home or condo.

Vacation Rentals in Champaign are generating record profits with RedAwning.
Find out how you can exceed your revenue goals with RedAwning's property management resources.

Successful short-term vacation rentals in Champaign, Illinois

Successful Champaign short-term rental properties are those that have been well maintained and provide comfortable, affordable accommodations Many property owners are entering the short-term rental market because they need to monetize their property or make it more attractive to potential buyers. If you’re looking to capitalize on this trend, here are some tips for success: • Cleanliness and maintenance: Make sure your home is clean and well maintained before renting it out. Check all light bulbs, filters, and heating/cooling systems; replace as needed. Keep floors clean and free of clutter. Vacuum regularly and make sure trash cans are emptied regularly. Maintain a fresh, professional appearance with clean, uncluttered décor. Remove all unnecessary items from the home before renting out (newspapers, junk mail, etc.) • Size and layout: Choose a space that is easy to maintain and suit your needs (i.e., kitchen space is tight). Furnishings should be comfortable with enough space for guests to relax without feeling cramped. The living room should be welcoming without being too warm or too cold. • Pricing: Price your home appropriately; expect to charge a fair amount of money per night for your property to cover costs like utilities and upkeep. Be realistic about your expectations; charging a premium price will not necessarily translate into higher occupancy rates. • Location: Try to find

Positive vacation rental trends in Champaign, Illinois when you considering renting out your Champaign home as a short-term rental. There are a lot of things that you need to consider when renting out your residence to a guest - from preparing for potential issues to understanding the tax implications. Here are some of the most common issues that travelers have reported: Finding a clean space You’ll want to make sure that you thoroughly clean your rental before letting someone else stay in it. Make sure there are no lingering smells or dirt that shows up on their clothes or in their hair. Finding a place to park If you have more than one parking space, guests will have to get creative. Parking can be tricky in many cities, and if they don’t have a car they may end up having to park illegally or on the street. Prepping for bed bugs If you leave food out for your guests, insects can come into the house. Check all of the mattresses and box springs before letting them stay, and keep everything cleaned up after they leave so the next person doesn’t bring bugs home with them.

RedAwning takes the guess-work out of Champaign property management, and we work with you to ensure your Champaign short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.

See how much your Champaign vacation rental could earn:

Revenue Projections for Vacation Rentals in Champaign, Illinois during November, 2022

Based on a 2 bedroom, which is the most common Champaign vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in November. Higher bars below can command higher prices, if your Champaign vacation rental is available during these days.
 
$14581%1st
 
$12681%2nd
 
$13083%3rd
 
$35199%4th
 
$15999%5th
 
$16083%6th
 
$13581%7th
 
$14578%8th
 
$14578%9th
 
$14778%10th
 
$22186%11th
 
$22687%12th
 
$15779%13th
 
$14176%14th
 
$14075%15th
 
$14075%16th
 
$14276%17th
 
$16580%18th
 
$17081%19th
 
$15280%20th
 
$15180%21st
 
$15180%22nd
 
$16183%23rd
 
$16684%24th
 
$17481%25th
 
$16778%26th
 
$15077%27th
 
$14276%28th
 
$14576%29th
 
$14377%30th
 

Average Daily Price & Percent Occupied Next Month In Champaign

Note: These averages are based on a 2 bedroom home in Champaign. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our  free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.

Interested in learning how you can maximize your vacation rental revenue in Champaign, Illinois?

If you are a speculative home buyer or have another home in Illinois, check out our other Illinois Vacation Rental Management reports in AltonAuroraChicagoEvanstonGalenaOak ParkPontiacRockfordSpringfieldJerusalem,  and Belleville, Illinois or view all of our vacation rental market reports

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